Quote:
Originally Posted by afchic
This is the house we plan to retire in. Our market has remained relatively stable during the housing crisis, and I can't see us being able to buy the house back cheaper than what we owe right now.
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I am not in the investment business, but I represent lots of people who are. They tell me stuff. Lots of people think that we are soon going to see significant increases in inflation and interest rates. If that prediction is accurate, one reasonable strategy would be to invest in hard assets -- things that will have value for you regardless of what a dollar is worth. Based on what you say above, if I were you, I would pay down the mortgage. A home, if you plan to stay in it long-term, is one of the best hard assets you can buy.
Just my .02, YMMV. And, of course, I disclaim all warranties.
